Weekend Bulletin - 27th July'24 : Ed. 182
A compilation of few interesting, multi-disciplinary links from the internet
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Section 1 - Investing & Personal Finance
China’s vanishing banks are threatening social stability [LINK]
The Chinese banking crisis poses a severe threat to the nation's financial stability. As smaller banks collapse or are absorbed into larger ones, the risk of systemic failure grows. This crisis, fueled by bad loans and exposure to the property market downturn, has the potential to undermine social stability and erode public trust in financial institutions and the government's ability to manage the economy.
Section 2 - Economic Trends & Themes
Wall street has started to see the bubble in AI [LINK]
If the voices on Wall Street are anything to go by, Artificial Intelligence that Big Tech backs has all the makings of a technology bubble. And The Washington Post has it that this may pop anytime
The Ambani wedding: A spectacle of excess in an age of inequality [LINK]
Pratyush writes in Frontline Hindu how Ambani wedding, the ways in which we have been recruited as spectators, our disgust has been defanged, and what happens when wealth becomes abstract in a time of historic wealth inequality. What of the rotten joy we get from seeing the whole thing unfold, even as we feel exhausted by the piling up of images, of discourse, of disgust? We simply cannot escape what Deobard calls “the ruling order’s non-stop discourse about itself”.
Section 3 - Personality study & Development
Are We Now Too Impatient to Be Intelligent? [LINK]
Rory Sutherland explains how we weight information that appears quickly over knowledge that really matters.
Section 4 - Business History & management
How Taiwan secured semiconductor supremacy – and why it won’t give it up [LINK]
India’s is attempting to get a share in semiconductor manufacturing and also, how technology tends to favour those who already have it. A recent story in The Guardian brings together those themes, in addition to the geopolitical factors around the technology.
An Unbending Leader’s Crackdown Rains Carnage on Bangladesh [LINK]
The accounts emerging from the borders on Bangladesh make for a harrowing story. PM Sheikh Hasina who has both China and India on her side and has crafted a story of economic resurgence, is under fire. The country is torn by riots and the Indian establishment is watching with much concern. Mujib Mashal writes for The New York Times on why.
Section 5 - Sports, literature & Entertainment
100 fine books from around the world [LINK]
A list curated by the Delhi-based bookseller The Bookshop Inc, with contributions from readers, writers, literary critics, and publishing professionals on 100 books from around the world - and just not US or India.
June’24 review of our equity research strategy- Special Situation & Wealth Compounders [We have initiated 2 new stock positions in FC WC and 1 position in FC SS so far in the month of June. Visit www.fintrekkcapital.com for more details]
That's it for me. Have a great weekend ahead!
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The content of this newsletter is not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment, or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information set forth on this newsletter unless mentioned explicitly. The writer may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated on this newsletter